SAN FRANCISCO, October 26, 2016 /PRNewswire/ --
The global ready to drink (RTD) tea and coffee market is expected to reach USD 116.13 billion by 2024, according to a new report by Grand View Research, Inc. RTD tea and coffee are a part of the growing trend in the soft drinks industry. These drinks are not only perceived as instant energy drinks but also form a part of lifestyles in major countries around the world. The enhanced nutritional benefits and compatibility with different flavors is driving the demand for these products.
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The major factor promoting the ready to drink tea and coffee market is the rising health awareness and disposable incomes of the population. The growing consumption of on-the-go health drinks has largely impacted the demand for these products. The changing retail scenario and rise of e-commerce as the new distribution channel is expected to boost the market demand for these products over the forecast period. The growing café culture and the changing habits related to tastes and flavors have fueled the market demand for these products.
Browse full research report with TOC on "Ready to Drink (RTD) Tea And Coffee Market Analysis By Product (RTD Tea, RTD Coffee), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Food Service), By Packaging (Canned, Glass Bottle, PET Bottle), By Price Segment (Premium, Regular, Fountain) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/ready-to-drink-tea-and-ready-to-drink-coffee-market
Further key findings from the report suggest:
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Grand View Research has segmented the global RTD tea and coffee market on the basis of product, distribution channel, packaging, price segment, and region:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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